Submitted by HannahJubilee on Wed, 10/13/2021 - 09:09
The IMF World Economic Outlook report lowered economic growth projections for wealthy and poor countries. The IMF forecasts 5.9% global economic growth.
"What's most striking is that we are looking at economies declining both in wealthy and poor countries," said Eric LeCompte, the Executive Director of Jubilee USA Network. "Because the pandemic is impacting so many developing economies, the United States and other wealthy economies face supply shortages."